XAUUSD

Ounce gold may find strength in the hourly imbalance zone in the 1937-1942 region. The 100-day main average support has reached the 1935 region. We will not expect a major decline wave without closing below 1935. However, closing below 1935 will break the rule formed in the previous wave. Support: 1942 1937 - 1935 Resistance: 1953 - 1961